YETI Holdings, Inc. (NYSE:YETI) Receives Average Recommendation of “Hold” from Brokerages

Shares of YETI Holdings, Inc. (NYSE:YETI) have earned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $48.29.

YETI has been the subject of several analyst reports. Stifel Nicolaus dropped their target price on shares of YETI from $43.00 to $41.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Canaccord Genuity Group dropped their target price on shares of YETI from $41.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Canaccord Genuity Group cut shares of YETI from a “buy” rating to a “hold” rating and boosted their target price for the company from $49.00 to $50.00 in a research report on Thursday, January 4th. Raymond James dropped their target price on shares of YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Finally, B. Riley restated a “neutral” rating and issued a $42.00 target price on shares of YETI in a research report on Friday, February 16th.

Institutional Investors Weigh In On YETI

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its stake in shares of YETI by 81.6% in the 1st quarter. Bank of Montreal Can now owns 48,500 shares of the company’s stock valued at $3,082,000 after purchasing an additional 21,789 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of YETI by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,120 shares of the company’s stock valued at $1,927,000 after purchasing an additional 3,063 shares during the last quarter. BlackRock Inc. boosted its stake in shares of YETI by 1.2% in the 1st quarter. BlackRock Inc. now owns 7,372,620 shares of the company’s stock valued at $442,208,000 after purchasing an additional 90,088 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of YETI by 1.0% in the 1st quarter. Yousif Capital Management LLC now owns 47,220 shares of the company’s stock valued at $2,832,000 after purchasing an additional 471 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of YETI by 24.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 629,304 shares of the company’s stock valued at $37,759,000 after purchasing an additional 122,810 shares during the last quarter.

YETI Stock Performance

NYSE YETI opened at $37.52 on Tuesday. The firm has a 50-day moving average of $39.60 and a 200-day moving average of $43.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30. The stock has a market cap of $3.20 billion, a PE ratio of 19.24, a P/E/G ratio of 1.48 and a beta of 2.29. YETI has a 52-week low of $34.70 and a 52-week high of $54.15.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The business had revenue of $519.79 million during the quarter, compared to the consensus estimate of $535.99 million. YETI had a net margin of 10.24% and a return on equity of 27.99%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. On average, sell-side analysts anticipate that YETI will post 2.27 EPS for the current year.

YETI Company Profile

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.